Needham Keeps Buy on ZoomInfo, Cuts Target to $8; Piper Sandler Upgrades to Neutral

Needham maintained its buy rating on ZoomInfo Technologies Inc. (Nasdaq: GTM) before the open on Thursday and cut its price target to $8 from $15. Piper Sandler upgraded the stock to neutral from underweight before the open and raised its price target to $4 from $3.

The two actions came with one upgrade and one target cut and one target raised. Before Thursday, 16 firms had rated the stock in the past year: one positive, nine neutral and six negative. Their median price target was $4.25, ranging from $2.50 to $11.00 across 14 firms with a target. The new Needham target of $8 sits above that median, while Piper Sandler's $4 is just below it.

Recent trading and filings

ZoomInfo's last close before the actions was $4.26 on Wednesday, Nov. 4, and the stock had risen 15.3% over the prior 20 sessions. The company's market capitalization before the filing was about $1.25 billion.

For scale, ZoomInfo reported revenue of $1.25 billion for 2025, up 3% from a year earlier, and diluted earnings of $0.38 per share. In its latest reported quarter, ended Sept. 30, revenue was $308.8 million, down 3% from a year earlier, and the company held $140.0 million in cash and investments.

ZoomInfo filed a quarterly report on Form 10-Q on Wednesday, Nov. 4, the day before the actions. The company also filed an 8-K with its results that day.